NETWORK MARKETING: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
NETWORK MARKETING
Largest movements
- Receivables within one year +€135,693
up €135,693 (+137%), from €98,848 to €234,542
of which Trade receivables: +€150,093
- Tangible fixed assets -€124,788
down €124,788 (-30.1%), from €414,390 to €289,602
of which Furniture and vehicles: -€117,287
- Cash -€45,140
down €45,140 (-41.5%), from €108,819 to €63,678
mainly Debts after one year (-€151,409) and Receivables within one year (-€135,693)
- Receivables after one year +€14,400
new in 2024: €14,400
- Debts after one year -€151,409
down €151,409 (-41.1%), from €368,588 to €217,179
- Reserves +€83,687
up €83,687 (+34.3%), from €244,145 to €327,832
of which Non-distributable reserves: +€83,687
- Tax, wage and social debts +€56,116
up €56,116 (+37.2%), from €150,979 to €207,095
of which Taxes: +€53,573
- Trade debts +€33,709
up €33,709 (+75.8%), from €44,472 to €78,181
- Other debts -€26,079
down €26,079 (-17.4%), from €150,007 to €123,928
- Gross operating margin +€432,226
up €432,226 (+59.5%), from €725,973 to €1.2m
- Staff costs +€225,788
up €225,788 (+34.6%), from €652,834 to €878,622
- Depreciation -€15,899
down €15,899 (-10.4%), from €152,564 to €136,665
- Taxes +€12,630
up €12,630 (+1,014%), from €1,246 to €13,876
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,135,131 | €1,129,258 | -€5,873 | -0.5% |
| Fixed assets | 21/28 | €914,390 | €794,602 | -€119,788 | -13.1% |
| Tangible fixed assets | 22/27 | €414,390 | €289,602 | -€124,788 | -30.1% |
| Plant, machinery and equipment | 23 | €13,835 | €21,184 | +€7,348 | +53.1% |
| Furniture and vehicles | 24 | €352,235 | €234,948 | -€117,287 | -33.3% |
| Leasing and similar rights | 25 | €48,320 | €33,470 | -€14,850 | -30.7% |
| Financial fixed assets | 28 | €500,000 | €505,000 | +€5,000 | +1.0% |
| Current assets | 29/58 | €220,741 | €334,656 | +€113,915 | +51.6% |
| Amounts receivable after more than one year | 29 | - | €14,400 | +€14,400 | |
| Other amounts receivable | 291 | - | €14,400 | +€14,400 | |
| Amounts receivable within one year | 40/41 | €98,848 | €234,542 | +€135,693 | +137% |
| Trade receivables | 40 | €84,448 | €234,542 | +€150,093 | +178% |
| Other amounts receivable | 41 | €14,400 | - | -€14,400 | |
| Cash at bank and in hand | 54/58 | €108,819 | €63,678 | -€45,140 | -41.5% |
| Deferred charges and accrued income | 490/1 | €13,074 | €22,036 | +€8,962 | +68.5% |
| Total equity and liabilities | 10/49 | €1,135,131 | €1,129,258 | -€5,873 | -0.5% |
| Equity | 10/15 | €262,695 | €346,382 | +€83,687 | +31.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €244,145 | €327,832 | +€83,687 | +34.3% |
| Non-distributable reserves | 130/1 | - | €83,687 | +€83,687 | |
| Reserves not available under the articles | 1311 | - | €83,687 | +€83,687 | |
| Tax-exempt reserves | 132 | €84,200 | €84,200 | = | 0.0% |
| Distributable reserves | 133 | €159,945 | €159,945 | = | 0.0% |
| Amounts payable | 17/49 | €872,436 | €782,876 | -€89,560 | -10.3% |
| Amounts payable after more than one year | 17 | €368,588 | €217,179 | -€151,409 | -41.1% |
| Financial debts | 170/4 | €368,588 | €217,179 | -€151,409 | -41.1% |
| Amounts payable within one year | 42/48 | €496,904 | €560,613 | +€63,709 | +12.8% |
| Current portion of amounts payable after more than one year | 42 | €151,446 | €151,409 | -€37 | 0.0% |
| Trade debts | 44 | €44,472 | €78,181 | +€33,709 | +75.8% |
| Suppliers | 440/4 | €44,472 | €78,181 | +€33,709 | +75.8% |
| Taxes, remuneration and social security | 45 | €150,979 | €207,095 | +€56,116 | +37.2% |
| Taxes | 450/3 | €47,922 | €101,494 | +€53,573 | +112% |
| Remuneration and social security | 454/9 | €103,057 | €105,601 | +€2,543 | +2.5% |
| Other amounts payable | 47/48 | €150,007 | €123,928 | -€26,079 | -17.4% |
| Accrued charges and deferred income | 492/3 | €6,944 | €5,084 | -€1,860 | -26.8% |
| Non-recurring operating income | 76A | - | €20,095 | +€20,095 | |
| Remuneration, social security and pensions | 62 | €652,834 | €878,622 | +€225,788 | +34.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €152,564 | €136,665 | -€15,899 | -10.4% |
| Other operating charges | 640/8 | €9,950 | €4,485 | -€5,466 | -54.9% |
| Non-recurring operating charges | 66A | €21,128 | €19,026 | -€2,102 | -10.0% |
| Gross operating margin | 9900 | €725,973 | €1,158,199 | +€432,226 | +59.5% |
| Operating profit (loss) | 9901 | -€110,505 | €119,402 | +€229,906 | |
| Financial income | 75/76B | €2,369 | €748 | -€1,621 | -68.4% |
| Recurring financial income | 75 | €2,369 | €748 | -€1,621 | -68.4% |
| Non-recurring financial income | 76B | €2,369 | €748 | -€1,621 | -68.4% |
| Financial charges | 65/66B | €18,576 | €22,587 | +€4,011 | +21.6% |
| Recurring financial charges | 65 | €18,576 | €22,587 | +€4,011 | +21.6% |
| Profit (loss) for the period before taxes | 9903 | -€126,711 | €97,563 | +€224,274 | |
| Income taxes | 67/77 | €1,246 | €13,876 | +€12,630 | +1,014% |
| Profit (loss) for the period | 9904 | -€127,957 | €83,687 | +€211,643 | |
| Profit (loss) for the period to be appropriated | 9905 | -€127,957 | €83,687 | +€211,643 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.